SkyWest Inc (SKYW)

Days of sales outstanding (DSO)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Receivables turnover		29.32	29.86	29.81	33.59	34.87	20.65	23.05	24.29	29.48	32.29	30.97	31.97	40.62	—	—	—	59.93	629.34	133.84	153.76
DSO	days	12.45	12.22	12.25	10.87	10.47	17.67	15.83	15.03	12.38	11.30	11.79	11.42	8.99	—	—	—	6.09	0.58	2.73	2.37

December 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 29.32
= 12.45

The Days of Sales Outstanding (DSO) for SkyWest Inc has shown some fluctuations over the reported periods. In March 2020, the DSO was relatively low at 2.37 days, indicating that the company was efficient in collecting its accounts receivable. However, by December 2020, the DSO had increased significantly to 6.09 days, suggesting a slower collection of receivables.

The DSO remained stable in the subsequent quarters of March and June 2021, with the data unavailable for analysis in those periods. By December 2021, the DSO spiked to 8.99 days, signaling a further delay in collecting receivables.

In the following periods of March and June 2022, the DSO continued to rise to 11.42 days and 11.79 days, respectively, indicating an ongoing challenge in collecting receivables promptly. September 2022 saw a slight decline to 11.30 days but increased again in December 2022 to 12.38 days.

The trend continued in the following quarters, with DSO peaking at 17.67 days in September 2023, which is a significant increase from the previous periods. However, by December 2023 and March 2024, the DSO decreased to 10.47 days and 10.87 days, respectively, but rose again to 12.25 days in June 2024 and remained relatively stable at 12.22 days in September 2024, with a slight increase to 12.45 days by December 2024.

Overall, the DSO trend for SkyWest Inc indicates fluctuations in the efficiency of accounts receivable collection over the reported periods, with periods of both improvement and challenge in managing receivables effectively.